Home Depot will pay at least $19.5 million in data breach settlement

Home Depot has agreed to pay $25 million to the financial institutions affected by the massive data breach suffered by the retailer in 2014, when cybercriminals managed to steal email addresses and payment card data belonging to more than 50 million customers.. The retail giant will create a million settlement fund that will be distributed among affected financial institutions.

Home Depot settles consumer lawsuit over big 2014 data breach. (reuters) – Home Depot Inc ( HD.N) agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders.

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Home Depot will pay a minimum of $19.5 million to settle consumer lawsuits filed after a data breach exposed the personal data of more than 50 million of its customers in 2014. The settlement also includes a requirement for the company to improve its data security efforts and to hire a chief information security officer.

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Last year, Home Depot said it had set aside $161 million to cover the cost of the breach, but with this $25 million settlement, the total sum will now be significantly higher. In addition to settling with financial institutions and customers, Home Depot also paid at least $134.5 million to a consortium made up of Visa, MasterCard, and various.

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Target close to settlement in massive security breach (Reuters) — Home Depot Inc agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer.

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2015 breach affected estimated 78.8 million people * Payout is record in data breach case. which agreed to pay $18.5 million to settle claims by 47 states in May, and Home Depot Inc, which agreed.

Last week, Equifax agreed to pay at least $700 million to settle lawsuits over the breach in a settlement with federal. in.

Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. In September 2014, the retailer confirmed the massive data breach , which exposed payment card information from more than 50 million customers.

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The home improvement chain’s settlement totals at least $19.5 million — $13 million of which will compensate shoppers for the losses in connection with the data breach and around $6.5 million for.

Home Depot to pay for data breach Home Depot has agreed to pay at least $19.5 million to customers harmed by a 2014 data breach. As many as 50 million cardholders are believed to have been hit by the.